Form 4: ON24 CFO Steven Vattuone Sells Shares to Cover Tax Obligations

ON24's Chief Financial Officer, Steven Vattuone, sold 3,120 shares of common stock on August 20, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Steven Vattuone, the Chief Financial Officer of ON24, sold 3,120 shares of the company's common stock on August 20, 2024.
• The sale was executed at a weighted average price of $6.2572 per share, with individual transactions ranging from $6.22 to $6.31.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 14, 2023.
• The shares were sold to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Vattuone directly owns 573,874 shares of ON24 stock.

Sentiment

Score: 6

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sale is related to tax obligations, which is a common practice. Therefore, the sentiment is neutral.

Industry Context

Sales of shares by company executives are a normal part of corporate governance. They are often pre-planned and do not necessarily indicate a negative outlook for the company.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the context of tax obligations and the pre-planned nature of the transaction.

Key Dates